In excitation systems market research Asia Pacific region estimated to be largest and fastest growing market for, followed by North America and Europe. China, which accounted for a major share of Asia Pacific market in 2017, projected to grow at highest CAGR from 2018 to 2023. Increase in demand for excitation systems in Asia Pacific region can be attributed to the growing demand for uninterrupted & reliable power supply in region.

The excitation systems market is estimated at USD 2.64 billion in 2018 and is projected to reach USD 3.12 billion by 2023, at a CAGR of 3.38% from 2018 to 2023. Rapid growth in the power sector is the key to the economic development of a country.

Electricity is a key ingredient for the growth of various industries such as oil & gas, mining, utilities, chemicals, cement, and manufacturing.

In global Excitation Systems Market increasing demand for power requires the upgrading and expansion of transmission and distribution infrastructure. This has increased the demand for synchronous machines in various end-use applications such as hydro, thermal, and nuclear power plants.

“The brushless excitation systems segment is expected to grow at the highest CAGR from 2018 to 2023”

Excitation systems market has been segmented, by type, into static and brushless. Brushless excitation systems segment held largest share of excitation systems market in 2017.

In brushless excitation systems, field current is supplied to synchronous machines without using slip rings & carbon brushes. As these systems do not require carbon brushes, losses due to contact resistance are low, thus resulting in low maintenance as compared to static excitation systems.

Key Target Audience:

Synchronous generator manufacturing companies

Manufacturers associations

Suppliers of parts and components for engines and generators

Institutional investors

Government and research organizations

Report segments excitation systems market by controller type into analog control & digital control. Digital control is estimated to be largest segment.

Digital control systems provide a significant improvement in generator performance by improving transient as well as dynamic stability. Easy conversion of analog to digital controls is another key factor that is expected to foster the demand for digital control systems.

The excitation systems market has been segmented into synchronous generators and synchronous motors. Synchronous generators are expected to be the largest and fastest growing segment during the forecast period.

Rising demand for generators in hydropower generation is expected to support the demand for excitation systems.

Competitive Landscape

1 Introduction

2 Ranking of Key Players & Industry Concentration, 2017

3 Competitive Scenario

4 Contracts & Agreements

5 New Product Launches

6 Mergers & Acquisitions

In this report, excitation systems market has been analyzed with respect to six regions, namely, North America, Europe, Asia Pacific, South America, Middle East, & Africa. Asia Pacific expected to be largest & fastest-growing market for excitation systems.

Also, rapidly growing renewable energy based capacity additions are expected to support demand for excitation systems for synchronous machines in coming years.

News From

RnR Market Research Category: Market Research Publishers and RetailersCompany about: RnRMarketResearch.com is an online database of market research reports offers in-depth analysis of over 5000 market segments. The library has syndicated reports by leading market research publishers across the globe and also offer customized market research reports for multiple industries.

This email address is being protected from spambots. You need JavaScript enabled to view it.

Recommended Market Research Companies

WhaTech

Recommended Market Research

Orbis Research www.orbisresearch.comCategory: Market Research Publishers and RetailersCompany about: Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have a vast database of reports from the leading publishers and authors across the gl obe. We specialize in delivering customised reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialisation. This helps our clients to map their need, and we produce the perfect requi ...